Game Hours (ROCO:6626) Days Payable : 54.62 (As of Dec. 2023)

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What is Game Hours Days Payable?

Game Hours's average Accounts Payable for the six months ended in Dec. 2023 was NT$31.2 Mil. Game Hours's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$104.1 Mil. Hence, Game Hours's Days Payable for the six months ended in Dec. 2023 was 54.62.

The historical rank and industry rank for Game Hours's Days Payable or its related term are showing as below:

ROCO:6626' s Days Payable Range Over the Past 10 Years
Min: 32.26 Med: 56.97 Max: 98.31
Current: 67.45

During the past 11 years, Game Hours's highest Days Payable was 98.31. The lowest was 32.26. And the median was 56.97.

ROCO:6626's Days Payable is ranked better than
51.95% of 435 companies
in the Interactive Media industry
Industry Median: 61.44 vs ROCO:6626: 67.45

Game Hours's Days Payable declined from Dec. 2022 (64.52) to Dec. 2023 (54.62). It may suggest that Game Hours accelerated paying its suppliers.

Game Hours Days Payable Historical Data

The historical data trend for Game Hours's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Game Hours Days Payable Chart

Game Hours Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

75.00

98.31

61.51

56.97

53.18

Game Hours Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial														63.47	86.59	64.52	115.74	54.62

Competitive Comparison of Game Hours's Days Payable

For the Electronic Gaming & Multimedia subindustry, Game Hours's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Game Hours's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Game Hours's Days Payable distribution charts can be found below:

* The bar in red indicates where Game Hours's Days Payable falls into.

Game Hours Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Game Hours's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (23.377	+	21.676)	/	2 )	/	154.599	*	365
=	22.5265					/	154.599	*	365
=	53.18

Game Hours's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (40.65	+	21.676)	/	2 )	/	104.119	*	365 / 2
=	31.163					/	104.119	*	365 / 2
=	54.62

Game Hours Days Payable Related Terms

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Game Hours (ROCO:6626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Game Hours Inc (ROCO:6626) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, 189 Yanping South Road, Zhongzheng District, Taipei, TWN, 100

Website

http://www.wegames.biz

Game Hours Inc, formerly WeGames Corp is a Taiwan based company involved in the development of mobile games. It specializes in the card, arpg, social, and growing games. Some of the games offered by the company include Time to kill, RO. Eternal Love, Ragnarok Web, Game of Power and Academy of War.

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